I found the thread very interesting and it took a few nights to read it through also! A number of people on that forum are reporting good results (eg
http://www.warriorforum.com/adsense-...w-adsense.html)
The strategy does involve a big risk, relying on Adsense as the main money earner.
It is also rather risky, as the recommended position for adsense is below the page/post title. This must not be done in a way that suggest the ads are part of the site content, otherwise it is bye bye adsense account.
Of course, you could add some affiliate links in also.
From what I gather, the author of that thread is essentially writing product reviews. The success of this is all about making the site look ugly (no header), so that the visitor attention is drawn directly to the adsense ads.
If you want the thread in PDF:
The X-Factor Adsense $300 a day thread PDF|clickbump.com
After reading the thread. I threw up a real ugly website, no header, and put the adsense unit in a prominent place. Currently on page 4 of google but getting a few clicks a day from not many visitors. I can see how it would work...